Even high-income Millennials think they’ll have to work forever. According to a Spectrem Group study of high-income Millennials (with minimum annual incomes of $100,000 for single individuals and $150,000 for partnered respondents), 30-34-year-olds are the group most likely to believe they will have to work forever because they won’t be able to save enough to retire. This is the segment of the generation that graduated into the recession, and their experiences are reflected in their current finance fears. (Bloomberg)
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